EUR/GBP is in correction phase on weekly chart and on monthly chart. I expect it to bounce back after some more correction. As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is in sideways trend on weekly chart.
2. CCI is in over sold territory.
3. On Balance volumes shows…
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